In 2007, 25 banks failed and needed to be bailed out. The damage totaled 526 BILLION DOLLARS, over a 12-month period. But today’s bank crisis isn’t too far behind. In this clip, Glenn shares today’s banking crisis numbers that seem to be SCARILY similar to 2007, before the 2008 crisis hit. What do these numbers mean, how is the Federal Reserve to blame, and what’s coming next for America’s economic outlook? Glenn discusses it all in this clip…
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
Todays banking crisis is not at all similar to that of 2008. Then you had hundreds of billions or trillions of mortgage loans, where repayment stopped because house prices went below the mortgage balance.
Today banks are in trouble because their DEPOSIT base is walking because there is a large spread between what the bank pays on deposits and what the US Treasury is paying on short dated paper. This forces them to sell their RISK FREE US Treasuries they hold as reserves, at a LOSS. On risk free securities.
This is all because inflation has driven rates 500 basis points higher in a little over a year.
And that is because of massive government spending directly into the real economy as a result of the planned demolition of society starting with the US Sponsored, man-made COVID virus. A tsunami in a pond, which will continue to throw tsunamis for at least a generation
Add to that that COVID and no more working downtown and rising crime is going to cause MANY lease renewals in downtown areas to not be renewed, and there you WILL have loan defaults, but the lease renewal process takes years to play out
So this is much more like the S&L Crisis of the late 1980s and early 1990s which killed off roughly a third of the S&L “banks”